1115 Hancock St
Listing Notes
For Sale: Prime Multi-Family Investment Opportunity in Bushwick, Brooklyn 1115 Hancock St Introducing a unique opportunity to acquire a well-maintained, 3-story, multi-family building located at 1115 Hancock St in the vibrant Bushwick neighborhood of Brooklyn. This brick building offers a total of 6 residential units, providing an ideal mix of income-generating properties with the potential for future growth. Last renovation in 2019. Key Features: Building Size: 3,540 SF (with an additional buildable area of up to 4,400 SF, offering significant upside potential) Lot Dimensions: 20' x 100' Zoning: R6, providing flexibility for potential development or expansion Unit Mix: 1 Studio 1 Two-Bedroom, 1.5 Bathrooms 4 One-Bedroom Apartments Most apartments come with outdoor space, whether private balconies or other outdoor areas, enhancing tenant appeal. Well-maintained brick exterior and clean, functional layouts throughout. Pro Forma NOI: $160,000 This property represents a fantastic opportunity for investors seeking a stable cash flow with the potential to expand and increase value. Located in the rapidly developing Bushwick area, 1115 Hancock St is surrounded by trendy cafes, bars, and parks, making it a highly desirable rental location. The combination of strong rental demand and the opportunity to build additional square footage makes this property a truly compelling investment. Whether you're an experienced real estate investor or looking to add to your portfolio, this offering provides both immediate returns and long-term potential. Dont miss out on this rare chance to capitalize on a multi-family property in one of Brooklyns hottest neighborhoods. For more information or to schedule a private viewing, please contact us today!
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $1,399,999 to $3,500,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 219 Cornelia St | $1,399,999 | 5 bd · 3 ba |
| 1098 Jefferson Ave | $1,400,000 | 6 bd · 3 ba |
| 1205 Hancock St | $1,700,000 | 6 bd · 3 ba |
| 1231 Putnam Ave | $1,820,000 | 5 bd · 4 ba |
| 1055 Jefferson Ave | $1,850,000 | 7 bd · 3 ba |
| 1214 Jefferson Ave | $1,875,000 | 7 bd · 3 ba |
| 554 Central Ave | $1,900,000 | 9 bd · 3 ba |
| 554 Central Ave | $1,900,000 | 9 bd · 2 ba |
| 1271 Bushwick Ave | $1,900,000 | 8 bd · 4 ba |
| 1271 Bushwick Ave | $1,900,000 | 8 bd · 3.5 ba |
| 1324 Jefferson Ave Unit Twnh | $1,900,000 | 6 bd · 4 ba |
| 30 Weirfield St | $1,970,000 | 4 bd · 4 ba |
| 131 Weirfield St | $1,995,000 | 4 bd · 5 ba |
| 1217 Jefferson Ave | $1,995,000 | 5 bd · 5 ba |
| 253 Cornelia St | $1,999,000 | 9 bd · 5 ba |
| 1250 Jefferson Ave | $2,099,000 | 9 bd · 4 ba |
| 1244 Bushwick Ave | $2,200,000 | 10 bd · 3 ba |
| 1244 Bushwick Ave | $2,200,000 | 10 bd · 3 ba |
| 1147 Hancock St | $2,250,000 | 5 bd · 6 ba |
| 1057 Jefferson Ave | $2,350,000 | 9 bd · 7 ba |
| 1106 Halsey St | $2,699,999 | 12 bd · 7 ba |
| 99 Eldert St | $2,749,000 | 9 bd · 4 ba |
| 1299 Putnam Ave | $3,200,000 | 12 bd · 6 ba |
| 1293 Bushwick Ave | $3,500,000 | Studio |
Where it is
For sale Coming soon Recently sold— zoom out for more